The objective is to provide an absolute return irrespective of bond market direction over a 12 month period. A positive return is not guaranteed over this or any time period. The Manager seeks to achieve this by investing in a diversified spread of corporate bonds (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date) issued by companies and other non-governmental organisations from the major corporate bond markets. While the Manager will invest at least two thirds of its total assets in corporate bonds, it may also invest in other fixed and variable interest rate securities issued by governments and supranationals and derivative contracts. Derivatives may be used for investment purposes to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner. This may involve the use of currency forward contracts, exchange traded futures, interest rate and inflation swaps, and single name and index credit default swaps. Derivatives may also be used for the purpose of efficient portfolio management. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash and near cash and forward transactions. Derivatives can also be used to obtain market exposure in excess of the net asset value of the Fund. The Fund may generate varying amount of market leverage at different times.

?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

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Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

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Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

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Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

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Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

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R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

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Price movement

52 week high10.08

52 week low10

Current bid price-

Current offer price-

Current mid price10.04

Region

No data available.

Industry sector

No data available.

Asset type

No data available.

Individual holdings

No data available.

Management

Fund manager group

F&C

Fund manager company

F&C Lux (BMO Global Asset Mana

Fund type

Offshore Fund

Fund objective

The objective is to provide an absolute return irrespective of bond market direction over a 12 month period. A positive return is not guaranteed over this or any time period. The Manager seeks to achieve this by investing in a diversified spread of corporate bonds (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date) issued by companies and other non-governmental organisations from the major corporate bond markets. While the Manager will invest at least two thirds of its total assets in corporate bonds, it may also invest in other fixed and variable interest rate securities issued by governments and supranationals and derivative contracts. Derivatives may be used for investment purposes to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner. This may involve the use of currency forward contracts, exchange traded futures, interest rate and inflation swaps, and single name and index credit default swaps. Derivatives may also be used for the purpose of efficient portfolio management. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash and near cash and forward transactions. Derivatives can also be used to obtain market exposure in excess of the net asset value of the Fund. The Fund may generate varying amount of market leverage at different times.

Benchmark

No Specified Index

Investment style

Absolute Return

Investment method

Fixed Interest

Fund managers

Name

Since

Biography

Ian Robinson

12/05/2016

Ian Robinson is a Director and co-Head of UK Credit having joined F&C in January 2002. Ian’s career started in 1992 when he joined Whittingdale. In 1996 he moved to MGM Assurance where he was a Fixed Income Fund Manager. In 2000, Ian joined WestLB Asset Management as an Asset Manager in the Global Fixed Income & Currencies team, with responsibilities for Sterling investments and global credit exposure. Ian graduated from the University of Birmingham in 1989 with a First Class BSc(Hons) in Software Engineering. He then obtained an MSc (Eng) in Integrated Management Systems in 1990. Ian obtained his IIMR in 1995.

Keith Patton

12/05/2016

Keith plays a leading role in developing multi fixed income solutions across the group. Prior to joining the group in 2012 and after a brief period at Brevan Howard (the macro hedge fund) he became the global head of fixed income for UBS Wealth Management in Zurich and a member of the global asset allocation committee within the investment office. Keith began his career with the United Bank of Kuwait in 1990 as a global fixed income manager, moving to Robert Fleming in 1995 as a portfolio manager and head of European fixed income strategy. In 1997 he became a senior member of the fixed income team at Morgan Grenfell (rebranded Deutsche Asset Management) where he was a managing director and head of European fixed income strategy. In 2005 the DeAM London team was sold to Aberdeen Asset Management where he became the head of portfolio and product management. Keith has extensive experience in fixed income, asset allocation and portfolio construction roles and has managed portfolios on behalf of large corporations, central banks and government agencies. Keith graduated in 1989 from South Bank University in London with a BA (Hons) in Business Studies (specialising in Finance). He completed the Investment Management Programme at the London Business School in 1991.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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